Gaming & Leisure Acquiring Pinnacle's Real Estate

Pinnacle Entertainment (PNK) agreed to sell substantially all of its real estate assets to Gaming & Leisure Properties (GLPI) in an all-stock transaction with an implied enterprise value of $4.75 billion. Shareholders of Pinnacle, for each share of Pinnacle, will receive 0.85 share of Gaming & Leisure and one share of OpCo, a separately spun-off new company that will be publicly traded. The deal, once closed, will create a combined real estate

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Pinnacle Entertainment [+]    PNK [+]    Gaming [+]    Leisure Properties [+]    GLPI [+]    Pinnacle [+]    Leisure [+]    OpCo [+]   

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